Essentially, it heats water ( whereas a furnace heats air).

Summary ejectment procedures must now be handled in district court rather than magistrate court necessitating hiring an attorney to evict a lease option tenant for breach.

However, if you used the 3.5% down and secured an interest rate of 4%, you would only have to rent the 3 remaining units for $500/mo to be essentially cash flow neutral, which means you're living free. 

Its probably RT4 or RT2, which means a maximum of four units or two units per property respectively, but of course all sorts of other rules come into play too like setbacks, etc.Definitely be careful when buying this bulk purchase as far as taking on properties with code violations, which nearly any REO at least in the city will have because they inspect them all and meeting exterior code to the letter is essentially a like new house.

That will be surely helpful to those in here who deal in bigger commercial purchases, thank you.Michael, I didn't realise any investors approached buying without both of those essentials. 

Lease was for $1400 per month.top of the line school district, middle of the line neighborhood for the area due to less amenities.  

I like good school districts.

So he would essentially be paying me a finder's fee for connecting him with a seller of some off market properties.

Meet-up this Thursday in U-district if you have not heard, wish I could make it.If I could travel back in time, I would tell myself to be much pickier in choosing properties to buy and hold.  

(by neighborhood I mean one named area)  I am farming a single school district (Although, we have begun to expand into other areas.) in a suburb.